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*Clients that are able to make the monthly program payments generally experience a 50% reduction of their enrolled balance before fees, or approximately a 29% reduction after payment of fees over a 24-48 month period. Individual results may vary based on ability to save sufficient funds and complete the program, the creditors in your individual portfolio, and amount of debt enrolled. Statements made are examples of past performance and are not intended to be a guarantee that your debt balances will be lowered by a specific amount or percentage, that you will be debt free within a specific time period, or a guarantee of future settlement results. Debtmerica, LLC guarantees it will not receive any fees until the terms of your debt have been altered with one or more of your creditors. While our programs work aggressively to reduce your debt balances, creditors are under no contractual obligation to negotiate or accept settlement offers. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice and we do not provide credit repair services. Please contact a tax professional to discuss tax consequences of debt settlement. By providing your contact information, you agree to receive return telephone calls, emails or other communications from Debtmerica, LLC and/or its affiliates and expressly waive any “No Call” preference or registration. Photographs used are not actual clients. Debtmerica, LLC is not affiliated with MSNBC, Fox, CBS, 500/5000 or OCBJ and logos used are registered trademarks of their respective owners. Programs not available in all states. Read and understand all program materials prior to your enrollment.
Debtmerica Relief Sets Benchmark by Assisting Over 1,000 Consumers in December
Monday, 10 August 2009 17:32
Fed steps in to regulate unreasonable credit card rules, while Debtmerica, LLC continues to provide an alternative solution to financial freedom and enrolls a record level of over 1,000 consumers into their program in December.
LOS ANGELES/January 15/PRNewswire/ - Millions of Americans fall victim to unfair credit card rules that cause them to fall deeper and deeper into debt every year. In December, the Federal Reserve Board finally decided to step in and has agreed to regulate and ban unreasonable credit card rules. The ban does not go into effect until July, 2010. Many people are wondering what type of solutions consumers have in the meantime. And what types of answers are there for consumers who have such large amounts of debt that it will take years for them to pay off? Debtmerica LLC, a debt settlement company headquartered in Southern California, has been fighting to help consumers in debt for more than 2 years now. The Company reached a record level of helping over 1,000 consumers settle down their debts in the month of December.
Debtmerica’s debt reduction program, aggressively tackles interest rates and debt balances. At the end of the program, debt balances are projected to be reduced by 40-60%. “At a time where our economy is declining and most Americans are lucky to even have a job, simple bans on a few credit card rules will not be enough to get consumers out of debt,” says Jesse Torres, co-founder and managing partner of Debtmerica, LLC.
It is apparent, that many Americans are finding alternative solutions to their debt problems, given the continuous increase in the number of client enrollments at Debtmerica every month. “At Debtmerica, we believe that our aggressive approach to settling debt and dealing with credit card companies is what sets us apart from any other debt solution,” says Torres.
After reaching a benchmark of enrolling over 1,000 clients into its debt reduction program in one month, Debtmerica continues to expand the Company to support the increasing number of clientele. It is projected to double in size by the end of 2009 and is also projected to help consumers settle approximately 75 million dollars of debt per month by the end of 2009.
“It feels really good to know that we have helped out so many consumers get out of debt. It was even more special to know that we reached our benchmark enrolling over 1,000 clients in the holiday month of December. We will continue to grow and will continue to support all the consumers who come to us for financial help during this tough economic time,” says Harry Langenberg, a co-founder and managing partner of Debtmerica, LLC.
For more information, visit http://www.debtmerica.com
About Debtmerica Relief
Debtmerica Relief, headquartered in Orange County, CA, provides assistance to families who are experiencing financial difficulties and hardship. Its focus on negotiated debt settlement provides a very powerful solution with the ultimate goal of helping its clients get debt free and remain so. By actually reducing debt balances over the course of the program and providing an affordable monthly payment, consumers can experience lasting benefit to their financial well-being.
SOURCE Debtmerica Relief
Contact:
Public Relations Dept.
Debtmerica, LLC
800-470-8155
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About Debtmerica
Debtmerica is a leading debt settlement company that offers assistance to individuals and families who are experiencing financial difficulties and hardship.
We offer debt resolution programs that specialize in negotiated debt settlement that assists clients by reducing debt balances while providing an affordable monthly payment.
Our professional and knowledgeable staff has helped thousands of consumers get back on their feet financially.
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Top Articles to Help You Lead A Debt-Free Life
- Debt Consolidation: “Debt Consolidation” is one of the most commonly misunderstood and misinterpreted personal finance strategies that consumers inquire about all the time. While some view it as a method of taking on new loans, others see it as a debt relief alternative. It is more important than ever for inquisitive consumers to have a very strong understanding of exactly what debt consolidation entails, and the impacts it can have on personal finances.
- Debt Relief: Debt relief is defined as a partial or total forgiveness of debt. When the term is used by the government, it usually refers to the forgiveness of debt to underdeveloped countries. Recently, it has begun to refer to the millions of consumers who are overwhelmed with debt seeking financial relief from their unsecured debt.
- Credit Card Debt: Credit card debt is an example of unsecured consumer debt, accessed through credit cards. Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and penalties when the consumer does not pay the company for the money he or she has spent.
- Debt Settlement: Debt settlement programs use a third party to negotiate lower balances and interest rates on unsecured debt. This type of debt management plan helps provide consumers an alternative to bankruptcy while reducing your outstanding debt.
- Credit Counseling: There are a numerous options for consumers who want to start getting their finances under control after accumulating large amounts of debt, which could inevitably lead to credit problems further down the road. Consumers who are in control of most aspects of their finances, but still feel like they could use additional help managing their debt burden, could certainly benefit from the assistance of a consumer credit counseling service.
- How Do I Get Out of Debt?: Now that the national economy is beginning to recover and people are having a better time dealing with their personal finances, many consumers who found themselves sunk deep in debt over the last few years may be asking themselves the question, “How do I get out of debt?” Fortunately, there are a number of avenues consumers can take to get out of debt, each with benefits and drawbacks depending on how quickly people need to fix their financial problems.
- 10 Tips to Avoid the Debt Trap: Have you ever thought about why so many of the people you know are struggling with debt? Do you ever wonder why banks keep lending to certain individuals, even when they are falling behind on their payments? Did you know that debt problems are a leading cause of major societal problems, such as stress, divorce and alcoholism?
- Credit Management: Many consumers are finding themselves buried under a pile of mounting debt. With interest accumulating month after month in addition to late fees being charged, many consumers are finding it difficult to make just the minimum payments on their credit cards. Although this may seem like an endless battle, with a strict budget and some discipline there are credit management strategies and solutions that will allow consumers to reduce or even eliminate their debt.
- Credit Card Debt Reduction: In recent months, many Americans have made a greater effort to seek credit card debt reduction and reduce the balances they owe, but some may not know where to start. Fortunately, there are several options available for consumers thathave a financial goal to achieve credit card debt reduction.
- Credit problems: Paying down high levels of debt is one of the best ways to improve credit problems and increase one’s credit standing. But many people cannot do that so quickly, especially in this economy. About one-third of a credit score is based off of a credit utilization ratio, which is the total creditbalances divided by the total credit limits. A great target is to use no more than 30% of one’s available credit.
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